Steepening the yield curve

John Graham of Rogge Global Partners explains why the yield curve has been so flat.

Rogge Global Partners is a fixed-income specialist dedicated to serving institutional investors. Founded in 1984, it has offices in London and Connecticut and now manages $11 billion. John Graham, partner, is a former head of multi-currency portfolio management at JPMorgan. A US native, he is based in London.

Why is the US bond market's yield curve so flat

There are three drivers to US growth consumers, business and the government. Two of those are out of commission, because consumers and the government are in debt. And business hasn't been spending on investment, it's just MA and consolidation. So it's difficult to see why we need...

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